Nov 29, 2012 4:00am PST
in some sections of the u.s., and hurricane sandy hampered northeast economic growth. information compilied in the fed's beige book will be considered at the fed's next meeting december 11 & 12. the dollar figure on damage caused by superstorm sandy continues to climb. new jersey governor chris christie is asking the federal government to cover nearly $37 billion in damages. fema has already handed out more $500 million in assistance. yesterday, new york governor andrew cuomo pegged sandy damage at $32 billion in his state. insurance giant allstate predicts it will lose 1 billion dollars in catastrophe costs in october, mostly due to sandy. bp is getting a slap on the wrist from the government. the enviornmental protection agency will temporarily suspend the company from opening new contracts. following the 2010 deepwater horizon spill, the epa says bp acted with a "lack of business integrity." it will not impact bp's current contracts. earlier this month, bp pled guilty to charges connected to the 2010 deepwater horizon spill and was slapped with a $4.5 billion fine. bp's suspen
Dec 5, 2012 12:00pm PST
stock is up 8% after announcing job cuts in the effect of hurricane sandy on job growth. it plans to cut 11,000 jobs starting in 2014, that is 4% of the total workforce at locations around the world. most of them would come from the bank's consumer banking unit. business analyst blame sandy for a lower number of new jobs in november. >>> the cadecott tunnel turns 75 today. it opened in 1937 connecting oakland and orinda. it is build 27 years later. a fourth one is being drilled through the east bay hill. it is scheduled to open next year. they will have four lanes in each direction at all times. >> today on the news at five. in or era, where we hear about state budget cuts. the many lawmakers take advantage of this. and it is all paid for by taxpayers. >> they are on the list and the services they receive. >> thank you for trusting ktvu, channel 2 news. be sure to join us again at five. we are always here for you and at ktvu.com.
Nov 30, 2012 4:00am PST
of that merchandise off the shelves. > a number of retailers are mentioning that hurricane sandy damaged their sales. could that benefit some consumers? > > it is going to depend on where you live. if you live on the east side or the northeast side, where you were hit by hurricane sandy, you are probably going to see some good sales on luxury items, because right now people are spending their money on home improvement, and they are spending their money on recouping the everyday stuff they lost in the hurricane. meanwhile, on the west coast, those luxury items are already being sold at a pretty steady pace right now, so you are not likely to see a lot of sales on that. but certainly there will be sales, and dependent on how the season progresses, you can expect sales like that. but you are better off on the east coast getting sales on luxury goods than you will be on the west coast. > thank you very much for that update. jen waters. > > thank you. two million toys seized so far this year, and that's before christmas. that number comes from the u.s. consumer product safety commission, along with u.s.
Nov 29, 2012 7:00am PST
for victims of sandy. he met with more than a half dozen lawmakers on capitol hill. the state of new york is asking for $42 billion in additional federal aid and new jersey needs federal aid to cover most of the nearly 37 billion-dollar cost for recovery and rebuilding. >> trying to stop a killer. we are just finding more about the brave action of one man during that cement plant shooting last year. it cost him his life. > shocking stories from survivors of that fire. the action of managers that increased the death toll. iramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> cloudy to mostly cloudy. windy as well, temperatures upper 60s for some, some light rain but a break today until tonight and then another strong system,
Nov 30, 2012 7:00am PST
, the commerce department said americans cut back on spends. does ropes from sandy could slow growth for the rest of the year taking a like look the dow up six, back above 13,000. the nasdaq down three. >>> we are watching zynga stock and it's -- that and facebook changed their relationship status so it's less exinclusive. a new agreement lets facebook develop it's own games, zynga no longer has to use facebook. >> personal income and consumer spending was affected by sandy. it's a new government report out that said consumer spending fell two tenths of a percent in october. the first decline in five moss. economists expected to go up slightly. personal income stayed flat in october. the experts expected the increase of two tenthths of a percent but the government said that hurricane sandy reduced salaries by more than $18 billion for that month. >>> the los angeles auto show will open later this day and the ford fusion is a big award winner. it's the greenest car of the year because of all the power options this include a hybrid version, a plug in hybrid and a gas saving thank saving turbo gas